The mortgage market has been through a tough time in recent months, following 14 months of consecutive base rate increases. Mortgage interest rates increased, buyers who were used to very low rates, were hesitant to move and sellers were reluctant to sell because of the anticipated price crash. However, times have changed. There have been […]

Property investors will be interested in the latest research that reveals home sellers are cutting their asking prices at a rate of 137 properties a day in England, as they try to attract buyers in a cooler market. The survey from national estate agency Yopa is based on data from Zoopla and of the homes […]

Landlords and property owners can now protect themselves from tenant sub-letting and property fraud with a new service called Title Guardian. The service monitors various sources, such as sales and letting portals and government databases, where property owners’ details appear and where fraudulent activities begin. If the firm detects any suspicious activity on a property, […]

Hello, I have leased a one-bedroom flat to a council since 2001 but after repeated requests to pay me near market rent, I gave them 3 months notice to repossess the property. The council acknowledged my notice stating that my property will be handed back before or after 28th November depending on when it manages […]

Buy to let landlords with mortgages will struggle to break even in the next two years with their borrowing costs soaring by an anticipated 80% as they remortgage after enjoying historically low fixed rates. That’s the verdict from the Intermediary Mortgage Lenders Association (IMLA) and its new report explodes the myth that landlords are well-heeled […]

The UK is facing a rent crisis as record net migration has increased the demand for rental accommodation, according to the boss of Zoopla, one of the UK’s leading property websites. Richard Donnell, the executive director of Zoopla, told the Telegraph that renting was the ‘first port of call’ for most people who moved to […]

Are you a landlord who is facing problems because of cladding? Then, Alexa Phillips, the property and money reporter for the Telegraph would like to speak with you. Alexa would like to ask Property118 readers about: Are you having problems selling a property because of cladding? Have you been left out of the support measures? […]

Wondering if Buy-to-let is still a smart move for 2024? Join Ranjan Bhattacharya in his latest video as he breaks down the current property landscape, potential challenges, and key factors influencing buy-to-let investments. Whether you’re a seasoned investor or a first-timer, get essential insights to make informed decisions in today’s dynamic property market. Check out […]

Are you a landlord who is trying to sell a property but having problems arranging viewings because of difficult tenants? Then, Alexa Phillips, the property and money reporter for The Telegraph would like to speak with you. Alexa would like to ask Property118 readers: Do you have a tenant who is refusing access to the […]

The government has approved a new selective licensing scheme for a London council – one of the largest schemes in the country. Brent council has announced that it will launch its licensing scheme for homes in the private rented sector next Spring, and it will cover all rented properties in the borough – except those […]

House prices in the UK increased by 0.5% in November, the second consecutive monthly rise, the Halifax house price index reveals. The average price of a home now stands at £283,615, which is £40,000 higher than before the pandemic. However, prices are still 1% lower than a year ago while Northern Ireland has shown the […]

Property management, whether you’re overseeing a handful of properties or a more extensive portfolio, can often present complex and demanding challenges. Balancing tenant communication, utility and maintenance management, rent collection, and cash flow tracking can quickly become overwhelming. Thankfully, property management technology is evolving to make this task more manageable. In this article, we will […]

Hello, I issued my tenants with a s21 which they defended because the first Gas Safety certificate upon moving in was not valid as I didn’t use a Gas Safe engineer. I went to a possession hearing last week and now it’s going to trial next year. I’m thinking about selling my property with the […]

London Councils is warning of a surge in rough sleeping among refugees and asylum seekers who are evicted from Home Office accommodation without adequate support. The cross-party group represents the 32 boroughs and the City of London, and it has released new research showing that 846 refugees and asylum seekers were homeless in October after […]

Hello, my question is in the context of the Commonhold and Leasehold Reform Act 2002. Here is the relevant part of the law: “If your landlord – proposes works on a building or any other premises that will cost you or any other tenant more than £250, or proposes to enter into an agreement for […]

A new study has revealed that some regions of the UK may be more prone to property fraud than others, due to the higher proportion of mortgage-free properties in those areas. The study, conducted by client compliance platform Thirdfort, analysed data from a survey of 2,054 adults and found that the East Midlands, North East, […]

The Labour Party says it wants the UK to outlaw tenant bidding wars for rented homes, adopting a New Zealand policy, the Party’s Shadow Housing Minister, Matthew Pennycook, says. Several Australian states have also apparently followed suit and Labour says the practice ‘creates a competition among tenants’ which only benefits the landlord. Mr Pennycook says: […]

A survey has revealed that four in 10 households renting privately (39%) that moved within the last year are paying an average of £1,200 a year above the advertised rate for their property. The findings from the New Economics Foundation (NEF) highlight the level of demand for falling numbers of homes to rent in England. […]

Hi everyone, I had an offer accepted on a top floor flat which shares the building (built late 1800s) with two other flats. Each flat has its own freehold and each owner wants to convert the freeholds to leaseholds ASAP. The current situation is that building work/repairs and building insurance is split equally between each […]

The majority of buy to let landlords in the UK have increased rent in the past year, mainly to cover higher mortgage costs, a new survey reveals. The findings from Landbay, which polled 1,000 landlords, revealed that 76% of them have raised rent over the past 12 months, with 51% citing mortgage payments as the […]

Hello, benefit claimants will reportedly have their bank accounts monitored under new “Big Brother” anti-fraud plans drawn up by the UK government. The law change was introduced in the Chancellor’s Autumn Statement. According to reports, benefit claimants could have their bank account checked every month to verify whether the claimant is telling the truth about […]